China’s Stocks Advance as Party Ends Meeting, Yuan Strengthens
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China’s stocks climbed, led by material producers, after the ruling party’s once-in-a-decade meeting to choose new leaders drew to a close and the yuan rose to a 19-year high.
Nanzhi Co. led a rally among paper makers as a stronger Chinese currency reduces costs from importing pulp. Aluminum Corp. of China Ltd. jumped the most in two months after the China Securities Journal said the government will start buying aluminum to add to reserves. China International Travel Service Corp., the largest tourism company by market value, tumbled by the 10 percent daily limit on a plan to sell new shares.